Advantix to Buy Control of Software Firm
Advantix Inc., a Newport Beach-based ticket service, said Tuesday it has agreed to acquire majority ownership in Lasergate Systems Inc., which develops, installs and markets software systems used for admission and revenue accounting at amusement parks, museums, ski resorts, sports arenas and other facilities.
Under the agreement, Advantix would acquire 51% of Lasergate’s common shares for 10 cents a share, as well as all the outstanding Series G Preferred stock, which can be converted into common shares. If the preferred stock is converted, Advantix would control about 81% of Lasergate, which is based in Clearwater, Fla.
Lasergate stock closed Tuesday at 16 cents a share, up about 6 cents, in trading over the counter.
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